The freedoms offered to pension investors by the Government have been broadly welcomed by commentators and individual savers alike.
However, with these new found freedoms comes a significant transfer of responsibility for income and security from the life assurance industry to the individual, and of course, their financial advisers.
Accompanying this transfer of responsibility comes a transfer of liability. New standards of client understanding and acceptance of risk will need to form part of the advisory process.
Here is an in-depth look at the new retirement landscape from Retirement Planner: